Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV had its price objective boosted by analysts at Raymond James from $160.00 to $162.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the basic materials company's stock. Raymond James' target price suggests a potential upside of 12.06% from the stock's previous close.
Other equities analysts have also recently issued research reports about the stock. TD Securities cut shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research report on Tuesday. UBS Group increased their price objective on Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday. Scotiabank raised their target price on shares of Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Tuesday. HC Wainwright boosted their price objective on Franco-Nevada from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.63.
Check Out Our Latest Stock Report on FNV
Franco-Nevada Trading Up 0.7 %
Shares of NYSE FNV traded up $0.95 during trading on Tuesday, reaching $144.56. The company had a trading volume of 536,304 shares, compared to its average volume of 614,736. The stock has a market capitalization of $27.84 billion, a PE ratio of -45.73, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. Franco-Nevada has a twelve month low of $111.98 and a twelve month high of $150.23. The stock has a 50-day moving average price of $133.80 and a two-hundred day moving average price of $127.30.
Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, sell-side analysts predict that Franco-Nevada will post 3.09 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Franco-Nevada during the 4th quarter worth approximately $47,000. Point72 DIFC Ltd acquired a new position in shares of Franco-Nevada during the 3rd quarter worth about $52,000. Physician Wealth Advisors Inc. bought a new position in shares of Franco-Nevada in the 4th quarter valued at about $49,000. Erste Asset Management GmbH acquired a new stake in shares of Franco-Nevada in the third quarter valued at about $55,000. Finally, Harbour Investments Inc. raised its stake in shares of Franco-Nevada by 25.8% during the 4th quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock worth $53,000 after purchasing an additional 93 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.
About Franco-Nevada
(
Get Free Report)
Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Franco-Nevada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franco-Nevada wasn't on the list.
While Franco-Nevada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
